# PPP loan: GLESCO ELECTRIC INC
> **$375K** approved 04/14/2020 · Paid in Full · Loan `7150317110`
## Borrower
- **Name:** GLESCO ELECTRIC INC
- **Address:** 3103 E TATMAN CT, URBANA, IL, 61802-6200
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Jobs reported:** 35
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*